The economics profession has shifted in the past 10-15 years toward much more serious attention to distributional issues and inequality, moving away from the prior position that globalization's aggregate benefits justified losses for some groups (because losers could theoretically be compensated, even though in practice they weren't).
factualpending
Speaker
Michael SpenceEvidence Quote
“I think one of the more you know attractive Trends in the economics profession in the last 10 to 15 years is much much more serious attention and I think it is serious not just you know sort of words um to distributional issues”
Source
Nobel Prize-Winning Economist Sees Era Of "Permacrisis" Ahead | Michael Spence (w/ Adam Taggart)— Adam Taggart | Thoughtful Money®Created: 8/11/2026, 1:51:12 AM
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